This freehold investment property presents a unique opportunity for those looking to capitalize on its renovation and development potential. Situated in a desirable central area of West Byfleet, the property features a ground floor retail space currently leased to a well-regarded artisan patisserie, providing an established tenant and an annual rental income of £20,000. The retail area measures approximately 968 sq ft, complemented by an additional basement space of about 322 sq ft.
At the rear of the building, there is a garden space that holds significant prospects for development. While previous planning permission was granted for three flats, this has since lapsed, opening the door for new plans that can cater to current market demands—subject to obtaining the necessary approvals.
Above the commercial unit, you’ll find a spacious three-bedroom flat spread over two levels. This vacant residence features a kitchen, a sizeable living room, and a family bathroom. Transforming this flat into a rental unit could enhance your investment returns significantly.
Located in the bustling center of West Byfleet, the property benefits from its proximity to various independent shops, cafés, and restaurants. It stands directly across from Waitrose and is just a short walk from West Byfleet Train Station, offering excellent links to London and other local areas. Metered street parking is readily available right outside.
This property not only serves as an income-generating asset but also offers substantial potential for enhancement and expansion through strategic renovations or developments. Viewings are available strictly by appointment; please refrain from approaching the current tenant directly.
